First Baptist of Alexandria Foundation, Inc

About the Foundation
The Foundation was created during May 1979 as a non-profit charitable organization that is closely affiliated with the First Baptist Church of Alexandria in the form of a Virginia corporation. Prior to its formation a need was apparent within the Church organizational structure for a more definite approach for receiving and managing certain special contributions which go beyond the regular giving to the Church and are intended to benefit its work through the expenditure of money over an extended period of time. The Foundation charter and by-laws which were drafted upon the recommendation of the Administration and Finance Commission of the Church, and approved by the Executive Church Council, and the congregation in business session on May 2, 1979, are available in the Church office or by contacting the Foundation Directors. The I.R.S. has confirmed the tax exempt status of the Foundation and the deductibility of contributions given to the Foundation.

Work of the Foundation
The Foundation was organized to receive and manage donations of a special nature which are directed to it so that the income generated can be used to periodically aid the ministries of the First Baptist Church of Alexandria. Accordingly, the Foundation provides a vehicle for continuous financial assistance to enhance the religious ministries of the First Baptist Church. This is done by supplementing the unified Church budget expenditures which continue to be the primary source of funding for the ministries of the Church. A gift to the Foundation results in continuing support for the First Baptist Church of Alexandria as far into the future as one can foresee as the Foundation uses contributions to make investments and uses the investment earnings to assist the ministries of our church on an ongoing basis.

Future Foundation Assets
Large or small contributions to the Foundation may be made by gift or bequest and may take the form of money, securities, life insurance policies, real estate, or other forms of property. A contribution may be simply made by sending a check made payable to the "First Baptist of Alexandria Foundation, Inc." to the Church office together with an indication of which fund is to receive the donation. Yellow envelopes for making a contribution to the Foundation are available in the Church office and are included with the offering envelopes which are provided to Church members during May. However, it is not essential that these envelopes be used so long as the intent of the donor is indicated. In the absence of specific instructions the contribution will be placed in the General Fund of the Foundation.

If a gift is made in honor or memory of a friend or loved one, the Foundation will notify the person being honored or the family of a deceased person that a contribution has been made.

Members of First Baptist Church of Alexandria are encouraged to remember the First Baptist of Alexandria Foundation, Inc. in their Wills. Other routes for donation should also be considered, such as life insurance beneficiary designations, retirement plan beneficiary designations, charitable gift annuities, charitable remainder trusts, etc., as deemed appropriate based upon the circumstances of a particular Church member.

The Directors are pleased to discuss with prospective donors the possibility of establishing additional funds within the Foundation which are intended to aid designated areas of Church ministry. Information for use when your Will is prepared also is available. Interested persons may call the Church office (703-684-3720) and ask that a representative of the Foundation contact them or they may contact a Director.

Foundation Membership
Members of the First Baptist Church who have not already done so are encouraged to become members of the Foundation by signing a yellow "Membership Request" card. The membership roll of the Foundation is maintained in the Church Office. The Foundation is always open to receive new members. Members of the Foundation are eligible to vote at membership meetings of the Foundation, are eligible to serve as a Director of the Foundation.

Thanks are expressed to those who have contributed to the Foundation over the years. The contributions, as received by the Foundation in the past, are presently in seventy different funds. Each fund is open to the receipt of additional contributions. Unless otherwise designated, contributions are placed in the Foundation's General Fund.